Bedell Cristin assist on £48.3m acquisition of 1 South Gyle Crescent, Edinburgh
22 April 2016
Bedell Cristin assisted Greenridge Investment Management Limited on the acquisition of 1 South Gyle Crescent, Edinburgh for £48.3 million. The funding for the acquisition of the UK real estate was provided by way of a combination of conventional financing and Sharia compliant financing. The Bedell Cristin team, led by funds partner, Simon Hopwood (partner) and including senior associate Malcolm Ellis and associates, Emily Nieuwberg and Laura Hendrick assisted with the establishment of a number of Jersey special purpose vehicles and the operation of a tawarruq (reverse or monetising commodity murabaha) as part of the Sharia compliant investment structure as well as the borrowing arrangements under the conventional loan financing.